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Prepare the required adjusting entries for the following: a. Harvest supplies need to be expensed in the amount of $1,500 b. $1,500 of prepaid insurance

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Prepare the required adjusting entries for the following: a. Harvest supplies need to be expensed in the amount of $1,500 b. $1,500 of prepaid insurance was used and needs to be accounted for. c. Some harvest work was paid in advance and posted as Unearned Revenue. Amount earned as of December 31 is $10,000. d. Harvest work performed but not yet billed for. The amount for this unbilled work is $16,000. e. Harvest Equipment must be depreciated and the expense for that is $5,500

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